• TrackenDaKracken@lemmy.world
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    5 days ago

    A better article with more details:

    G7 announces oil reserve release, as Trump hails Europe diesel deal

    Macron says G7 will release 100 million barrels over four months; diesel release to be ‘frontloaded’

    In 2025, distillate (or diesel) fuel consumption (excluding biodiesel and renewable diesel) by the U.S. transportation sector was about 2.94 million barrels per day.

    The U.S. alone uses 3 million barrels per day, 100 million barrels would last about a month. These barrels are not being released to the U.S. directly. It’s going to help a little, but not much, and not for long.

    My understanding is no country stocks significant reserves compared to what is used each day, because oil sitting in storage costs money instead of making profits. Instead, we produce what is used and can be sold as soon as possible. Essentially, Just In Time for the energy sector, like every other manufacturer. So, this isn’t a real solution, it’s just Trump trying to earn brownie points before the election.

    • mrmisses@lemmy.world
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      5 days ago

      It will help for a month and the US will be deeper in debt for it thanks to pedo presidents illegal war

      • eldavi@lemmy.ml
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        5 days ago

        the main concern for them rn seems to be the midterm elections and this seems to be engineered to cushion the fallout.

          • eldavi@lemmy.ml
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            5 days ago

            they won’t win, but this coupled with the supreme court giving them permission to rig all their elections will guarantee that they won’t completely lose either.

            instead it’ll be the democrats who will be fucking us harder.

            • mrmisses@lemmy.world
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              5 days ago

              instead it’ll be the democrats who will be fucking us harder.

              I don’t believe that is possible unless every dem in office is a Fetterman waiting to turn

              • eldavi@lemmy.ml
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                5 days ago

                all democrats are fettermans to one degree or another and the difference between republican and democrat has zero bearing on the world